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California Public Employees' Retirement System

A collection of news and information related to California Public Employees' Retirement System published by this site and its partners.

Top California Public Employees' Retirement System Articles

Displaying items 23-33
  • Trash franchise fee to rise to help pay city pension costs

    Huntington Beach has found a way to help pay down its growing employee pension costs. City Council members voted 6 to 0 on Monday, with Mayor Matthew Harper absent, to gradually increase the franchise fee the city charges trash collector Rainbow...
  • Newport council to consider faster pension payoff

    The Newport Beach City Council will consider a plan Tuesday night to more quickly fund employee pensions. Instead of rolling forward the unfunded pension liability — the difference between the amount the city will owe in retirement benefits and...
  • A look at some of the pension-boosting perks

    A look at some of the pension-boosting perks
    The board of the California Public Employees' Retirement System voted to add to a recent pension reform law 99 bonuses that can boost workers' current paychecks and also their future pensions. Here are some of these retirement-enhancing bonuses: • ...
  • Just when you thought you've heard it all on pensions....

    To the editor: Why should a library staff member receive a bonus for helping a patron? Why should a jail worker receive a bonus for answering a question from the public? Surely those activities are part of the employee's job description. ("99 ways to...
  • Stockton bankruptcy ruling will decide fate of public pensions

    Stockton bankruptcy ruling will decide fate of public pensions
    In a closely watched case, a federal judge on Thursday is expected to decide whether the bankrupt city of Stockton can continue to pay employees generous pensions that soon could consume one-fifth of municipal revenues. The ruling has been much...
  • Judge approves Stockton bankruptcy plan; worker pensions safe

    Judge approves Stockton bankruptcy plan; worker pensions safe
    A federal bankruptcy judge approved the city of Stockton’s bankruptcy recovery plan, allowing the city to continue with planned pension payments to retired workers. The case was being closely watched after the judge ruled this month that the city&...
  • Can employees' pension benefits be cut?

    Can employees' pension benefits be cut?
    Could a city in bankruptcy be required to cut its employees' pensions as part of its reorganization plan, as a matter of fairness to other creditors taking cuts? Christopher M. Klein, the chief federal bankruptcy judge in Sacramento, answered that...
  • Stockton bankruptcy ruling preserves city pensions

    Stockton bankruptcy ruling preserves city pensions
    A federal bankruptcy judge approved the city of Stockton's bankruptcy recovery plan Thursday and sidestepped challenges to its workers' pensions that could have threatened municipal retirement plans across the state in the years ahead. Stockton's plan...
  • Turmoil at Pimco bruises its brand

    Turmoil at Pimco bruises its brand
    For years, Owen Murray believed that Pacific Investment Management Co. was a safe bet for his clients for one big reason. "They were just very, very consistent," said Murray, investment director at a financial advisory firm for wealthy individuals in...
  • California pension funds are running dry

     California pension funds are running dry
    A decade ago, many of California's public pension plans had plenty of money to pay for workers' retirements. All that has changed, according to a far-reaching package of data from the state controller. Taxpayers are now on the hook for billions of...
  • H.B. council hopeful Posey wants fewer prohibitions, more businesses

    H.B. council hopeful Posey wants fewer prohibitions, more businesses
    Huntington Beach City Council candidate Michael Posey says he's had enough of the council banning consumer items — from plastic bags to sales of cats and dogs. He said he and many residents he has heard from are fed up with council members...